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Moon phases


A crash must be coming - Austrlaian bank bail-in law now in place

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A crash must be coming - Austrlaian bank bail-in law now in place Empty A crash must be coming - Austrlaian bank bail-in law now in place

Post by Ausk Wed Mar 07, 2018 8:35 am

In the last week or two while australians were distracted by matters of no consequence in the form of some politician and his girlfriend, bank bail in laws were quietly slipped passed the population and into law.

This attracted no attention from the mainstream media of course which is a given these days.

The law is the; The Financial Sector Legislation and Amendment (crisis solution powers and other measures) bill 2017, enables the bank regulator, APRA, to give permission to the banks to help themselves to the contents of customer accounts.

Of course, they cant touch accounts with less than $150k in them but IMO, is just there to make most Australians go back to sleep and when the time comes it will be quickly altered to even small accounts.

I have been unable to determine if this legalised looting applies for business/corporate accounts or whether or not it applies only to wage and salary earners like most of these sorts of things tend to go.

I strongly doubt the $150k threshold will stay for long once the tumble starts and its effects begin to bite.

For those that are interested, Section 22 of the Commonwealth Constitution provides for a quorum of the Senate to be one third of the whole number of senators. The Senate (Quorum) Act 1991 reduced the quorum to 19 out of a total of 76 senators but there were only 17 senators in the Senate when the bill was passed?

If there were only 17 senators in the Senate to vote on this, its likely this bill is invalid but of course we the people will have to fight tooth and nail to have this law withdrawn, and I don't see that happening.

In the 1970's or 80's whenever, PM Bob Hawke and co, created a thing called "The Australian Parliament" and the "Australian Government" for which they had no constitutional authority to do.
It means NO LAW passed by that "government" is legal because bills coming out of the parliament are not given royal assent as is required by Section 58 of the commonwealth constitution.

COMMONWEALTH OF AUSTRALIA CONSTITUTION ACT - SECT 58 - Royal assent to Bills

When a proposed law passed by both Houses of the Parliament is presented to the Governor-General for the Queen's assent, he shall declare, according to his discretion, but subject to this Constitution, that he assents in the Queen's name, or that he withholds assent, or that he reserves the law for the Queen's pleasure......

So, count the number of times we have been screwed by our govt that cares so much about our physical security that it has to take our rights, privacy and freedom away from us so they can protect us from those who would take our rights, privacy and freedoms away from us.

1 - The Govt makes a law for the banksters to make looting it own customers legal.
2 - The law was passed in the Senate, by less than a quorum required by the constitution.
3 - The bill was passed by a fake government, having no constitutional status at all.
4 - The Australian people were never consulted or even informed this law would be passed.

By passing this law, they are telling us a crash IS going to happen because otherwise why pass such a law in such secrecy?

Ausk
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